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Mar 13, 2012
03/12
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on taking china to the wto later this day. charl? >> still ahead on "world business today," boeing's billions. the united states is reprimand by the world trade organization over illegal grants to the aviation giant. and an unlikely marriage made in money. china's top online video provider snaps up its main rival to save costs. we'll be telling you what investors make of the move. [ female announcer ] want to spend less and retire with more? then don't get nickle and dimed by high cost investments and annoying account fees. at e-trade, our free easy-to-use online tools and experienced retirement specialists can help you build a personalized plan. and with our no annual fee iras and a wide range of low cost investments, you can execute the plan you want at a low cost. so meet with us, or go to etrade.com for a great retirement plan with low cost investments. ♪ sksksk me.reat retirement plan with low cost investments. [ male announcer ] even if you think you can live with your old mattress... ask me how i've never slept better. [ mal
on taking china to the wto later this day. charl? >> still ahead on "world business today," boeing's billions. the united states is reprimand by the world trade organization over illegal grants to the aviation giant. and an unlikely marriage made in money. china's top online video provider snaps up its main rival to save costs. we'll be telling you what investors make of the move. [ female announcer ] want to spend less and retire with more? then don't get nickle and dimed by...
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Mar 20, 2012
03/12
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officials say china broke the promises it made when joining the wto. the european union joined the chorus of criticism. it's demanding the immediate release of export restrictions. on tuesday, the chinese foreign ministry defended the country's rare earth policy. >> they said china has the responsibility to protect the environment and the country's natural resources. the chinese government controls both protection and export of rare earth minerals. it says it needs to prevent environmental damage from mining activities. but some believe beijing has another motive, promoting the transfer of foreign technology by attracting high-tech companies to china. nhk's correspondent in beijing says the chinese government can use rare earth supplies as a bargaining chip. under wto procedures, the united states, eu and japan will first discuss their complaint directly with china. if this fails to settle the dispute, they can ask the international trade watch dog to set up a panel of experts to make a ruling. china has had a history of run-ins with the pto. the organ
officials say china broke the promises it made when joining the wto. the european union joined the chorus of criticism. it's demanding the immediate release of export restrictions. on tuesday, the chinese foreign ministry defended the country's rare earth policy. >> they said china has the responsibility to protect the environment and the country's natural resources. the chinese government controls both protection and export of rare earth minerals. it says it needs to prevent...
WHUT (Howard University Television)
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Sep 7, 2012
09/12
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the big one we are working on now is wto accession. kazakhstan has not yet become part of the world trading order, but they want to. they want to become an actor on the world stage that behaves by the same rules and works in the same way as everyone else does. this means our relations span everything. >> is there any competition between trying to get involved in the wto and the this, in union that is happening between russia, belarus, kazakhstan? >> the short answer is, no, not really. there is a really complex answer. there is a way in which union agreements like that can be incorporated into wto. it is called a section 28 process where you modify people's agreements and go through it. but in the end, it will be more negotiating and more paperwork, but it is not incompatible. >> and it is all in the interest of trade. >> it is all in the interest of facilitating trade, so countries like isaac than it can export goods more freely around the world and other countries have the same rights and exporting to convict on -- kazakhstan. >> i a
the big one we are working on now is wto accession. kazakhstan has not yet become part of the world trading order, but they want to. they want to become an actor on the world stage that behaves by the same rules and works in the same way as everyone else does. this means our relations span everything. >> is there any competition between trying to get involved in the wto and the this, in union that is happening between russia, belarus, kazakhstan? >> the short answer is, no, not...
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Dec 10, 2012
12/12
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. >> now, ross is at the wto headquarters in geneva. tell us what you've got prepared there. >> as we know, every monday we do trade links and this is our trade links day today from the wto. shortly, we'll be joined by director general of the wto. they've revised down their growth forecast and we've seen an increase in complaints. but interestingly enough, this is the first time this year that we've seen the number of trade openings outpace the number of trade restrictions. there's a lot of interesting things going on and the -- we're going to get into the value added of trade, as well. yes, an ipad in china gets made and it's value point $50. but it's only about $20 of that that goes to china and the rest goes back to the u.s. we'll get into the dynamics of trade, as well, and how we measure it. we'll also be joined by the ilo director general, as well, guy rider. we'll hear from the head of the world intellectual property organization. so it's a big trade day here from geneva on "worldwide exchange." lots of great things to get into.
. >> now, ross is at the wto headquarters in geneva. tell us what you've got prepared there. >> as we know, every monday we do trade links and this is our trade links day today from the wto. shortly, we'll be joined by director general of the wto. they've revised down their growth forecast and we've seen an increase in complaints. but interestingly enough, this is the first time this year that we've seen the number of trade openings outpace the number of trade restrictions. there's...
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May 11, 2012
05/12
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the most difficult goal, that was the wto. wto membership for russia did not depend on the united states alone. it depended that most of the action that russia needed to take itself. the president was willing to go the extra mile to work with our european allies and with the u.s. congress. to work with the u.s. community to ensure that everyone saw the benefits of the wto session for russia. the fact that russia was the only country in the g20 and the g8 seem to be incomprehensible. ira member very clearly when you were in a meeting with me when president obama and the president met in the summer of 2010. in the cabinet room. and discussed the need to really get down to business the president turned to their advisor and said we are going to go to lunch now. and we want you to come up with the plan that will make russian mentorship and wto a reality after 18 years. i looked out in the audience i see some of the people here who were intimately involved in just about every step of this. the president had a strong team on his side
the most difficult goal, that was the wto. wto membership for russia did not depend on the united states alone. it depended that most of the action that russia needed to take itself. the president was willing to go the extra mile to work with our european allies and with the u.s. congress. to work with the u.s. community to ensure that everyone saw the benefits of the wto session for russia. the fact that russia was the only country in the g20 and the g8 seem to be incomprehensible. ira member...
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Jul 23, 2012
07/12
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what teh's it say of the wto or the world bank? to think we've made a mistake? to give them a seat to at the table. even without american leadership? >> there are lots of global institutions that matter but we have to reflect the global balance of power that has emerged to become less effective. the world bank and imf with good if they pay more money it is more conditionality. it will undermine and reminds me i have this conversation with tony blair to play a stronger role and i said if they are truly global institutions they do not agree with types of governance if we take a effective leadership which do you think we need to jettison more fundamentally compromise? he said honestly i would say none of them because hours are the right to values. i applaud him for being honest. i believe if you ask obama our mitt romney that question they would say the same thing. if that is the answer they blow not work. >> for example,, the market is embraced by all of these countries. a regulated market to that we get back to your previous book how the role of government and la
what teh's it say of the wto or the world bank? to think we've made a mistake? to give them a seat to at the table. even without american leadership? >> there are lots of global institutions that matter but we have to reflect the global balance of power that has emerged to become less effective. the world bank and imf with good if they pay more money it is more conditionality. it will undermine and reminds me i have this conversation with tony blair to play a stronger role and i said if...
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Apr 13, 2012
04/12
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not the way we do under the wto and its predecessor, the gatt. nextgen. delta's block time in 1956 flying between atlanta and washington national in dc-6s is the same as it is today on the 75 757-200. so our block times hasn't changed -- i was 1 year old. so our block time hasn't changed between atlanta since i was 1-year-old. we talk about nextgen. we need to make the investment in to be real. so we've been down the road with fans, how many of you remember fans? future area navigation systems? you could have spent $5 million an airplane. and some carriers did. carrier i worked at, i said no until they demonstrate that the equipage is going to be actually used and produce value. but we need to get it done. and we need to get it done in a prompt way because that's really our answer to the emissions problem that we face in aviation over time. and the way to do that is we could save 10 to 15% fuel burn in emissions by using the technologies that many of you have done such a great job in this room of developing for us. but we need the commitment both from the
not the way we do under the wto and its predecessor, the gatt. nextgen. delta's block time in 1956 flying between atlanta and washington national in dc-6s is the same as it is today on the 75 757-200. so our block times hasn't changed -- i was 1 year old. so our block time hasn't changed between atlanta since i was 1-year-old. we talk about nextgen. we need to make the investment in to be real. so we've been down the road with fans, how many of you remember fans? future area navigation systems?...
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Apr 6, 2012
04/12
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the wto istry into important. u.s. agriculture has had access into russia and they would like to do more in processed foods. that has been a roller-coaster. wto disciplines on russia would be welcome. that has competitive aspects to it. with no competitors in argentina and brazil will take full thentage of russia's into wto. we can talk about the farm bill later. we do not know what will happen in the farm bill. it expires in september. there is no consensus among u.s. organizations. will there be a safety net? organizations will insist on it. a lot of people would share that view. there will be a safety net. there will probably be several safety nets. it will probably beat 3 or four different safety nets -- it will probably be 3 or four different safety nets. will the cost of the farm program go up or down? nobody knows. i can remember the roller- coaster of the 197's and in 1980's. everything collapsed in the 1980's and we bankrupt thousands of u.s. farms. the cost to what will be the trade implications -- will the n
the wto istry into important. u.s. agriculture has had access into russia and they would like to do more in processed foods. that has been a roller-coaster. wto disciplines on russia would be welcome. that has competitive aspects to it. with no competitors in argentina and brazil will take full thentage of russia's into wto. we can talk about the farm bill later. we do not know what will happen in the farm bill. it expires in september. there is no consensus among u.s. organizations. will there...
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Apr 7, 2012
04/12
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dispute cannot really go to the wto it has to do interregional. how do you see this getting a result with a trade enforcement viewed as strong and i would argue week among the regional trade agreements. >> having negotiated the last four to and gone through the canadian lumber dealers and so on what is one of the frustrations with of the deal and makes me optimistic felt ultimately we are going to cycle back to the system because there is no comparison. what is done as you are starting to write in to the bilateral deals arbitration panels that is a very blunt instrument. and for those of us in the trade policy arena, the wto process where you have the panel and the opportunity to try to work out something that makes sense because as you know, the date that you win the case or retaliate you really lost it's a better process and the outcome and in much better means of enforcement. so why put the end of the day the reason we will cycle back to the multilateral framework but for now of the bilateral purchased enforceable and satisfactory enforcement o
dispute cannot really go to the wto it has to do interregional. how do you see this getting a result with a trade enforcement viewed as strong and i would argue week among the regional trade agreements. >> having negotiated the last four to and gone through the canadian lumber dealers and so on what is one of the frustrations with of the deal and makes me optimistic felt ultimately we are going to cycle back to the system because there is no comparison. what is done as you are starting to...
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Aug 22, 2012
08/12
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. >>> coming up next, russia joins the wto. find out why our next guest says membership won't automatically translate into growth. >>> japanese exports have slumped. the 8.1% annual drop was well short of median forecasts of a 9.9% drop. lorraine tan is still with us. lorraine, i mean, today's export data, fairly disappointing. what do you do with it as an investor? >> yeah, i mean, i still think it's going to be a little while before we see the data improve. we're probably talking at least another couple months. even what's going on with the stimulus in china is not really filtering through to data and we don't expect it to do so until towards the end of the third quarter. as far as japan goes, it marks a softening trend in gdp expectations, you're a developed country and your assets are being compared, for example, to what's going on in the state. on a relative attraction basis i think there are some investors probably shifting back to u.s. equities as well. >> basically, if you have to choose, in the u.s., do you think inves
. >>> coming up next, russia joins the wto. find out why our next guest says membership won't automatically translate into growth. >>> japanese exports have slumped. the 8.1% annual drop was well short of median forecasts of a 9.9% drop. lorraine tan is still with us. lorraine, i mean, today's export data, fairly disappointing. what do you do with it as an investor? >> yeah, i mean, i still think it's going to be a little while before we see the data improve. we're...
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Apr 6, 2012
04/12
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and you know, of course, there's wto and it's committees that work on these issues, there's codex, all the regional development banks we think supporting strong regulatory systems. again achieves both global health trade and development outcomes and who has activities in this as well, but again, we're looking for alan doorsment hopefully at the next meeting of the g-20 which will be in mexico of the intersection of these issues and then to start to build down from there to these topic specific international organizations. >> it's martha brumfield. if i could add onto tom's point, my experience and, of course,s disagree please speak up was that the regulators with whom we were interacting in the countries were very enthusiastic about this initiative and anxiously awaiting the report. so the i think there is a lot of receipt activity on the part of many of these regulatory agencies. so it's not just for g-20 to push it, although i think this is incredibly important but there can be other mechanisms maybe softer, one-on-one type of approaches where there would be a lot of receipt activity
and you know, of course, there's wto and it's committees that work on these issues, there's codex, all the regional development banks we think supporting strong regulatory systems. again achieves both global health trade and development outcomes and who has activities in this as well, but again, we're looking for alan doorsment hopefully at the next meeting of the g-20 which will be in mexico of the intersection of these issues and then to start to build down from there to these topic specific...
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Feb 15, 2012
02/12
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the rules are the rules of trade set by wto and other organizations. given that the economic growth in that area is going to be moving forward, if we're going to create u.s. jobs, we need to be looking at asia. china is to understand that. guest: i think it is important to note, too, that our long- time allies want china to be there as well. it is not just a matter of the united states having a long-term presence in asia because china is there. because there are concerns about china. it is because our friends and allies want us there as well. it is important that we develop those relationships. host: sets of the some of the numbers of u.s. trade from last year. the total number, more than $5 billion. -- more than $500 billion. that is a trade deficit of nearly $300 billion. guest: it is a big trade deficit. this is one of our concerns. we need to get to a point where we see more balanced trade between our two countries. keep in mind, what you are referring to with the trade deficit that the united states has is a trade deficit with goods. commodities.
the rules are the rules of trade set by wto and other organizations. given that the economic growth in that area is going to be moving forward, if we're going to create u.s. jobs, we need to be looking at asia. china is to understand that. guest: i think it is important to note, too, that our long- time allies want china to be there as well. it is not just a matter of the united states having a long-term presence in asia because china is there. because there are concerns about china. it is...
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Mar 13, 2012
03/12
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i think of the wto. we look at those issues and the view was, why is this not in our mutual interests? we gave them a bunch of explanations for why we had not reached agreement on a set of those issues. his idea was with more engagement of the government. first at the highest level, including him personally. second, across the government. that is why we created the bilateral presidential commission. we would have a better chance of realizing win-win outcomes, as the president used that phrase, then if we were just every now and again communicating with them. that was the first idea, engagement is a means to this end, not the other way around. the second part of the recent, very important, was that as a engaged with the russian government, we were going to try to increase engagement with russian society in parallel to that. we meant both engagement of russian government, american government officials with civil society as we have practice from the very beginning, including when president obama was in mosc
i think of the wto. we look at those issues and the view was, why is this not in our mutual interests? we gave them a bunch of explanations for why we had not reached agreement on a set of those issues. his idea was with more engagement of the government. first at the highest level, including him personally. second, across the government. that is why we created the bilateral presidential commission. we would have a better chance of realizing win-win outcomes, as the president used that phrase,...
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Aug 5, 2012
08/12
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the eu recently started consultations to pursue a wto case. we are approaching this in every way possible to make sure that countries having these policies understand the full impact of their actions. >> i am not confused by the argentinian. i appreciate your diplomacy. they are sending a clear message. they have protectionist policies. they do not live up to their responsibilities to pay debt to bondholders. and are acting in a way that sends a message not to invest. i hope you will consider filing a wto case to address the concerns of american business. i will turn to senator rubio. >> what is the general feeling from the american business community in terms of opportunities in investment and growth in mexico. i have been concerned by all of the violence and the drug problems they are getting. there is also this emerging middle class and consumer class that is being created. what is the view of the business community about mexico moving forward if thinew administration comes in? >> thank you senator rubio. the investment community is optimis
the eu recently started consultations to pursue a wto case. we are approaching this in every way possible to make sure that countries having these policies understand the full impact of their actions. >> i am not confused by the argentinian. i appreciate your diplomacy. they are sending a clear message. they have protectionist policies. they do not live up to their responsibilities to pay debt to bondholders. and are acting in a way that sends a message not to invest. i hope you will...
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Apr 10, 2012
04/12
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china wto agreement. as well as the global agreement in many sectors as well as global agreements in many sectors and areas including financial services, telecommunications and high-technology projects. ambassador brock as counseling and trustee here at csis. senator brock served for four terms as a member of congress and the senate seat and in the u.s. senate he was the u.s. t.r. in the reagan administration 1981 to 1985. and also served as the president reagan's secretary of labor 1985 to 1987. he's chairman of the brock office is specializing in international investment and resources. finally, ambassador susan schwab is the strategic adviser in mayer brown's chief of global trade practice, and professor of public policy at the university of maryland. she served as the u.s. t.r. from 2006 to 2,009 in the george w. bush administration and negotiated and achieved congressional trade relations with vietnam and the bipartisan may 10th, 2000 deal which addresses the labor and environment. she also negotiated
china wto agreement. as well as the global agreement in many sectors as well as global agreements in many sectors and areas including financial services, telecommunications and high-technology projects. ambassador brock as counseling and trustee here at csis. senator brock served for four terms as a member of congress and the senate seat and in the u.s. senate he was the u.s. t.r. in the reagan administration 1981 to 1985. and also served as the president reagan's secretary of labor 1985 to...
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Dec 17, 2012
12/12
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. >>> still to congress on the show, russia has joined the wto. it did it just four months ago, but complaints with its lack of compliance with the laws are already stacking up. we'll get a view when we come back. >>> wto regulations are valid according to a top trade lawyer. karen spoke to an expert and asked why the u.s. invariably features as the main protagonist. >> i think there's a number of factors going on here. first of all, i think it's absolutely normal for the united states to be the most tiff wto dispute settlement participate. if you look at the figures, i think they have been the most active every single year since the wto was founded. it's a natural by-product of the huge size of the u.s. economy. they're the most active trading nation so they're going to trigger the most disputes. they sue the most and they are sued the most. that's absolutely normal. i think presidential politics played into this, as well. as you saw in the last stages of the campaign, both candidates, including president obama wanted to look tough on trade issue
. >>> still to congress on the show, russia has joined the wto. it did it just four months ago, but complaints with its lack of compliance with the laws are already stacking up. we'll get a view when we come back. >>> wto regulations are valid according to a top trade lawyer. karen spoke to an expert and asked why the u.s. invariably features as the main protagonist. >> i think there's a number of factors going on here. first of all, i think it's absolutely normal for...
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Feb 28, 2012
02/12
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ensure that as russia enters wto, foreign competitors do not have an advantage over american businesses and finally we're elevating development alongside diplomacy and defense. poverty, disease, hunger, climate change can destabilize societies and sow the seeds for future conflicts. we need to make strategic investments today in order to meet our traditional foreign policy goals in the future. through the global health initiative, through the feed the future initiative, we're consolidating programs, increasing our partners' capacity, shifting responsibilities to host countries, and making an impact in areas of health and hunger that will be a real credit to our country going forward. as we transform development, we really have to deliver measurable results. our long-term objective must be to empower people to create and seize their own futures. these five priorities are each crucial to american leadership and they rely on the work of some of the most capable, hardest working and bravest people i ever met. the men and women of state and usaid. working with them is one of the greatest hon
ensure that as russia enters wto, foreign competitors do not have an advantage over american businesses and finally we're elevating development alongside diplomacy and defense. poverty, disease, hunger, climate change can destabilize societies and sow the seeds for future conflicts. we need to make strategic investments today in order to meet our traditional foreign policy goals in the future. through the global health initiative, through the feed the future initiative, we're consolidating...
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Mar 20, 2012
03/12
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we can't go to the of bdo as an industry do we can go to the wto as an industry. we have to go to the government and of the government doesn't want to handle these issues, we're stuck. you could say bilateral issue and we have market access team dealing with these issues and bilateral discussions, but it would be much more useful to have an independent third person looking at the issue and that's why we have decided for this mechanism of mediation. >> somebody independent says, i have a feeling that this goes to the boulevard. or, i do not see a problem. in both situations, you are still free. i think reach maybe too big a question. you have issues were you could, at least, argue that the importer has a more difficult job to do than the domestic producer. if that is the case, then you can go to a fully fledged settlement or you solve the problems through a mediation process and hopefully the government would react. >> i will have to bring our discussion to a close which i hope will continue over the lunch. i understand that lunch is at the back of the room. i enco
we can't go to the of bdo as an industry do we can go to the wto as an industry. we have to go to the government and of the government doesn't want to handle these issues, we're stuck. you could say bilateral issue and we have market access team dealing with these issues and bilateral discussions, but it would be much more useful to have an independent third person looking at the issue and that's why we have decided for this mechanism of mediation. >> somebody independent says, i have a...
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May 25, 2012
05/12
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and china lodges a wto complaint against the u.s. that could affect over $7 billion worth of exports. there will be a round table discussion on the coal ver rule, focusing on which types of hedging and market making operations should be exempted. it would limit proprietary trading by government insured banks and of course it's received more attention since jpmorgan revealed what is at least a $2 billion trading loss earlier this month. >> and chesapeake energy is getting a big boost from investors. they say chesapeake has problems and he didn't know if he would invest more. black rock has increased its stake several times recently raising its holdings by at least 4 million share. chesapeake closed up 3.2% thursday. >> lehman brothers may soon be your landlord. they've struck a deal to bite rest of the apartment giant archstone that it doesn't already own. they own 70,000 apartments in the u.s. 2007 was a different world. >> and so bizarre to see lehman's name back in the headlines. makes you needily think back to 2008. all right. tod
and china lodges a wto complaint against the u.s. that could affect over $7 billion worth of exports. there will be a round table discussion on the coal ver rule, focusing on which types of hedging and market making operations should be exempted. it would limit proprietary trading by government insured banks and of course it's received more attention since jpmorgan revealed what is at least a $2 billion trading loss earlier this month. >> and chesapeake energy is getting a big boost from...
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Sep 24, 2012
09/12
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discussions, a lot of things being put to the wto right now. >> i think there's not a trade war. that may be a great headline, but not the reality on the ground. right now we export over $100 billion worth of goods and services to china. it's our third largest market. and it has the potential to be a large market for u.s. goods and services, whether it's airlines from boeing or caterpillar equipment or general electric or many small businesses that we help support. so i think there are a lot of potentials there. >> the uk has pledged a billion pounds towards a new state backed bank to help boost lending. the government hopes its back will be matched by a separate amount there private cable. new bank could support up to 10 billion pounds of new and additional lending. fred, we were talking about this a little earlier. ross pointed out that this kind of model exists in germany and to some extent the u.s. would you say this is similarly set up to what the uk is proposing? >> the fact of the matter, is and i ran a small business for many year, it is a lot harder to get credit if you'
discussions, a lot of things being put to the wto right now. >> i think there's not a trade war. that may be a great headline, but not the reality on the ground. right now we export over $100 billion worth of goods and services to china. it's our third largest market. and it has the potential to be a large market for u.s. goods and services, whether it's airlines from boeing or caterpillar equipment or general electric or many small businesses that we help support. so i think there are a...
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Oct 12, 2012
10/12
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so normally we should be able to handle. >> are you expecting more disputes in the wto? >> we've had this year rather significant increase of trade disputes that have been brought for proper adjudication not only between u.s. and china, but also between other countries. so it's not u.s. china privilege at all anymore. >> let's talk about other country. how damaging is the china japan? it's interesting china does not send their most senior man to the imf meetings because it's in tokyo and there's a despite over the islands, as well. how disruptive could this did its put get? >> both china and japan are extremely important to each other. they are both integrated in the global supply chain. so at the end of day, rationality will prevail and that as we have a system that addresses disputes not to become a political problem, we also have a system not to deteriorate into trade tensions. lens hurt the economies and at the end of the day jobs which is certainly not what the world economy needs today. >> sdwrous switch gears here, the european union has just been awarded the nobe
so normally we should be able to handle. >> are you expecting more disputes in the wto? >> we've had this year rather significant increase of trade disputes that have been brought for proper adjudication not only between u.s. and china, but also between other countries. so it's not u.s. china privilege at all anymore. >> let's talk about other country. how damaging is the china japan? it's interesting china does not send their most senior man to the imf meetings because it's...
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Mar 13, 2012
03/12
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president barack obama would mean that it's one step before an official case is opened at the wto. it comes amidst renewed friction with about the renminbi, whether the chinese authorities are trying to slow its appreciation. the fact that the u.s. may be opening these negotiations doesn't come as too much of a surprise to many of the people i spoke to especially in an election year. it does come as a surprise if it is going to be joined by the european union and, of course, japan. just earlier on this week on monday we had the governor from the central bank of china, the pboc, come out and say that china is committed long term to being an investor in the european sovereign debt market and of course today we had japan come out and say it is going to buy up it to $10 billion worth of chinese government debt. this is by far the largest apartment of purchases into the sovereign market here in china by an advanced economy. and it would elevate the status of the renminbi at a time when it's seeking to internationalize its currency. but politically, chloe, as you mentioned the timing is
president barack obama would mean that it's one step before an official case is opened at the wto. it comes amidst renewed friction with about the renminbi, whether the chinese authorities are trying to slow its appreciation. the fact that the u.s. may be opening these negotiations doesn't come as too much of a surprise to many of the people i spoke to especially in an election year. it does come as a surprise if it is going to be joined by the european union and, of course, japan. just earlier...
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May 20, 2012
05/12
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the wto is the place where issues are brought forward by china and the united states. so far, they have been all resolved peacefully. let me go back -- political scientists like to distinguish between capabilities and intentions. an interesting point on the intention issue. china looks like the soviet union -- after all, they have a similar political issue. what they saw it is weak, the united states, succeeded in driving them into bankruptcy. president reagan, one of the things he did is accelerate the arms race because he knew the russian economy, which was much weaker, could not keep up and would end up broken, and that is exactly what happened. one of the many reasons the communist regime collapsed. in china, the economy is much, much smaller per capita than ours, they looked at the experience of the soviet union and decided they would not fall into the trap. they would not allow us to force them into an arms race and it bankrupt in their economy. >> over the last several decades we have seen various concerns. in the russians were coming, they went away. the japane
the wto is the place where issues are brought forward by china and the united states. so far, they have been all resolved peacefully. let me go back -- political scientists like to distinguish between capabilities and intentions. an interesting point on the intention issue. china looks like the soviet union -- after all, they have a similar political issue. what they saw it is weak, the united states, succeeded in driving them into bankruptcy. president reagan, one of the things he did is...
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Dec 22, 2012
12/12
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the wto is one way that we can do that. [inaudible] >> i did not have a chance to read that article. am not familiar with everything that was mentioned in that article. two months before the election, there was this big tough-on- china -- >> the pivot was announced almost a year before that. what set of the discussion of the exhibit was the announcement -- pivot was the announcement of rotating 2000 marines throughout australia. i do not think china should be fearful of 2000 marines hit in australia. -- in australia. our engagement with other countries throughout the asia- pacific region will focus on more cultural, economic assistance as well as military collaboration. even with china itself, we're engaging more with china. this has been from the very beginning of the obama administration and is also part of the pivot. the pivot is not just focusing our attention on the other countries of the asia-pacific to the exclusion of china. it means all of the asia-pacific including china, which is why secretary clinton has been to
the wto is one way that we can do that. [inaudible] >> i did not have a chance to read that article. am not familiar with everything that was mentioned in that article. two months before the election, there was this big tough-on- china -- >> the pivot was announced almost a year before that. what set of the discussion of the exhibit was the announcement -- pivot was the announcement of rotating 2000 marines throughout australia. i do not think china should be fearful of 2000 marines...
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Jul 6, 2012
07/12
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that's part of our vision for america. >> wto, he's on the campaign trail in a manufacturing state. >> are you suggesting this is more politics, ross, than -- >> i, i -- >> than policy. >> i'm just saying maybe it's presidential. >> the president used the issue to attack his rival, mitt romney, who's opposed the government's multibillion dollar auto industry bailout. let's get more from tony on this. you heard ross, is this politics or are there real teeth to this policy? >> i think agree with ross, it's a lot of politics. the cars that are imported to china from the u.s. are the higher-value cars. the guys who can afford those cars can afford a little bit of extra import duty, if this does get imposed. but i think it's making a lot of something that's relatively small. >> yeah, okay, tony. where does this leave relations, ongoing relations, as we go into, you know, this next presidential election? >> ongoing relations with china. well, if you look, a lot of major chinese manufacturers are actually joint ventures with american auto manufacturers. so you know, the american manufacturer
that's part of our vision for america. >> wto, he's on the campaign trail in a manufacturing state. >> are you suggesting this is more politics, ross, than -- >> i, i -- >> than policy. >> i'm just saying maybe it's presidential. >> the president used the issue to attack his rival, mitt romney, who's opposed the government's multibillion dollar auto industry bailout. let's get more from tony on this. you heard ross, is this politics or are there real teeth to...
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Feb 15, 2012
02/12
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KRCB
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there are members of the wto, they have international obligations so they need to increasingly meet. and they're going to have to deal with that big issue. and finally, the view that they're becoming a whole lot more assertive on the international stage. countries, not only in the asia pacificegion but indd very beyond and concern board of directr wt tis means and wher it takes china into the future and xi jinping and new leadership team will have to deal with that issue as well. >> charlie: how well do you know him? >> i've been in several meetings with him, starting at the beginning of my tenure as ambassador running right through to my fasci fare well visit witm when i left. i've seen him with many senior leaders of the united states and i've found him to be well briefed, charming, even charismatic. he's able to connect on a personal level, which is would it a departure from what we kind with some of today's leaders. but more than that, i think that he's a very politically savvy player. and i think there's some evidence backing up that statement. the first would be the very fact t
there are members of the wto, they have international obligations so they need to increasingly meet. and they're going to have to deal with that big issue. and finally, the view that they're becoming a whole lot more assertive on the international stage. countries, not only in the asia pacificegion but indd very beyond and concern board of directr wt tis means and wher it takes china into the future and xi jinping and new leadership team will have to deal with that issue as well. >>...
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Sep 21, 2012
09/12
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and head of the wto saying the main reason is because of a slowdown in europe. and japan is not in great shape. but that 2.5% figure remarkable. we come have our trade link series. it airs mondays at 10:50 central european time. 9:50 here in london. more at tradelinks.cnbc.com. >>> the bid for mi might get the green light as early as today, but the potential takeover is not without conditions. universal will have six months to sell off at least a third. this all according to financial times. but what is going on for the music industry particularly in terms of addition? one company called music metric has launched the digital music index. joining us is the ceo. you've just launched digital music index this week. how do you -- where do you get all the data from? there are so many different channels about where people are getting downloads from, some legal, some illegal, how are you able to come up with a detailed picture? >> actually that's the really challenging and interesting thing. the opportunity and tracking exactly what's p happening online with all the dif
and head of the wto saying the main reason is because of a slowdown in europe. and japan is not in great shape. but that 2.5% figure remarkable. we come have our trade link series. it airs mondays at 10:50 central european time. 9:50 here in london. more at tradelinks.cnbc.com. >>> the bid for mi might get the green light as early as today, but the potential takeover is not without conditions. universal will have six months to sell off at least a third. this all according to financial...
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Jul 22, 2012
07/12
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CSPAN2
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with sanction policy with the wto to have them less satiable. the story of the burgeoning economic power that western business looks for investment in libya. that was us with their latest mideast venture but the chinese think of the next 50 years. middle income americans and getting our akon and a2 grow and been on the cutting edge of technology not just internal domestic but leadership in the world and we must not forget that. but the political system in the united states sufferers from two major flaws with gerrymandering that reward extremes only 50 seats are competitive if i am in the 6040 -- 60/40 i know we will win. a republican has to worry about somebody on his right or vice versa. we play to that constituency. in order to move the humanity forward. fill that is the role of money and politics when iran for the senate for the first time 1978 i spent 1.6 million dollars. jon corzine spent 63 million. then extrapolate to the whole political system because of the supreme court. i know you one to questions. richard nixon watergate to carrying
with sanction policy with the wto to have them less satiable. the story of the burgeoning economic power that western business looks for investment in libya. that was us with their latest mideast venture but the chinese think of the next 50 years. middle income americans and getting our akon and a2 grow and been on the cutting edge of technology not just internal domestic but leadership in the world and we must not forget that. but the political system in the united states sufferers from two...
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Mar 5, 2012
03/12
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CNBC
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here is the main point, because china's entry into the wto more than a dozen years ago, which super charged growth, profits as well as savings, china can actually afford slower growth. there you go. maria? >> all part of the plan. martin, stay right there we want to bring in cnbc contributor david reidel and jeff dennis, global emerging market strategist with citi to talk more about china. thank you for joining us. jeff, you say you are not surprised by a lowering of the target projections. >> not at all surprised, 7 1/2 is what our economists were expecting. last year, it was 8, not that much higher. the growth was actually over 9%. so, our forecast for this year is 8.4. may be the lower end of what the chinese government wanted to see not at all convinced this-mean growth is as low as 7.5%. >> optimistic about things in china, the business climate the first half of the year, you think trouble develops in the second half. tell us about that. >> we are concerned about inflation, i think this focus on percentage growth rates is miss the point. china's economy today is so much larger that it
here is the main point, because china's entry into the wto more than a dozen years ago, which super charged growth, profits as well as savings, china can actually afford slower growth. there you go. maria? >> all part of the plan. martin, stay right there we want to bring in cnbc contributor david reidel and jeff dennis, global emerging market strategist with citi to talk more about china. thank you for joining us. jeff, you say you are not surprised by a lowering of the target...
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Mar 6, 2012
03/12
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CSPAN3
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it clarifies the government has the right under wto rules to take action against countries such as china and vietnam that adopt fully market economies and sub sid dies some exports. an earlier court ruling said it did not have the authority to levy faxes because congress didn't give the authority to the commerce department. the lawsuit was filed today in u.s. district court in washington and accuses the military to have a high tal rans for sexual predators this their ranks and fostering a hostile environment to discouraging victims to come forward and punishing them when they do. it names at defendants past and present military leaders, including defense secretary leon panetta and his predecessors. fda officials have issued an warning to arrow shot. they have questions about the safety and concerns about how children and adolescents may use it. it went on the market in massachusetts and new york and also available in parts of europe. consumers put one end in
it clarifies the government has the right under wto rules to take action against countries such as china and vietnam that adopt fully market economies and sub sid dies some exports. an earlier court ruling said it did not have the authority to levy faxes because congress didn't give the authority to the commerce department. the lawsuit was filed today in u.s. district court in washington and accuses the military to have a high tal rans for sexual predators this their ranks and fostering a...
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Sep 18, 2012
09/12
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that insures the united states has full wto writes vis a vis when it comes to russia. we have to have legislation in our congress to make sure we did take full advantage this is thought to be the last week this week when congress can act on that and it looks like it will be punted into the lame-duck session. host: 90 for your time. we will be back tomorrow morning. in our last hour of the journal tomorrow, we will tickle look on our weekly series on magazines. this week it is a piece written in the "washington monthly." taking a look at the consumer financial protection bureau. in the magazine, they assert that predatory lending still poses a systemic risk to the economy. will the new obama bureau succeed intended or will the agency be strangled? that is on tomorrow's "washington journal" in our last hour roper -- our. thanks for watching. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> here is what is coming up alive today -- and about half an hour, we will start a daylong symposium looking at the sup
that insures the united states has full wto writes vis a vis when it comes to russia. we have to have legislation in our congress to make sure we did take full advantage this is thought to be the last week this week when congress can act on that and it looks like it will be punted into the lame-duck session. host: 90 for your time. we will be back tomorrow morning. in our last hour of the journal tomorrow, we will tickle look on our weekly series on magazines. this week it is a piece written in...
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Jul 22, 2012
07/12
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the story went on to say the chinese would consider it, but they want to change policy under the wto, world trade organization, and have the effect of being less actionable. the story of the burgeoning economic power in using its muscle on the world. right next to it the story that said a western business looks for investments in libya. what was that about? that was about us taking over our latest mideast venture. chinese are thinking of the next 50 years. and we have to understand, talk about middle income americans and getting our economy to grow, but being on the cutting edge of technology. this is not just about our internal domestic life. this is about and the world. we must not forget that. then the last would be the political system. the political system in the united states suffers from two major flaws. one is gerrymandering that rewards extremes. 435 house seats. fifty are competitive and the rest are 60-40 or 55-45. i'm in a 6040 district. as an even have to listen to the public because i know i'm going to win the general election. the republican has to worry about somebody
the story went on to say the chinese would consider it, but they want to change policy under the wto, world trade organization, and have the effect of being less actionable. the story of the burgeoning economic power in using its muscle on the world. right next to it the story that said a western business looks for investments in libya. what was that about? that was about us taking over our latest mideast venture. chinese are thinking of the next 50 years. and we have to understand, talk about...
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Sep 26, 2012
09/12
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CNBC
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government, breaching a wto ruling. one day after the u.s. said it had complied with the requirement, eu officials said they rejected the claim and said they would appeal again. it marks the ongoing bat wl the u.s. also pursuing the eu. you can see its shares up 19% over the past year. just a couple of percentage points better than boeing. >> and yahoo!'s new ceo melissa mayer said yahoo! is a company that will excel at giving its services a personal touch. she's outlined these plans at an employee event yesterday. described as very broad, but noted mayer made a point that her number one priority is to make yahoo! become part of a user's everyday routine and shifting the platform to mobile. >>> and the facebook fallout still continues, around 50 lawsuits have now been filed against the social media giant. and the underwriters of the flotation. in addition, securities lawyers representing facebook investors say they expect hundreds of arbitration claims now to be launched against brokers and security firms that also pitched the company shares.
government, breaching a wto ruling. one day after the u.s. said it had complied with the requirement, eu officials said they rejected the claim and said they would appeal again. it marks the ongoing bat wl the u.s. also pursuing the eu. you can see its shares up 19% over the past year. just a couple of percentage points better than boeing. >> and yahoo!'s new ceo melissa mayer said yahoo! is a company that will excel at giving its services a personal touch. she's outlined these plans at...
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Mar 7, 2012
03/12
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i think china is prepared to obey the wto rules. we talk about subsidy, and, of course, all governments, the government is immune from some form of government support. but at the end of the day, any measures taken against china would have to comply with wto rules. >> mark, are you concerned about hard lending in china, or is this an issue that the rest of the world should factor in? >> i think the key point is not the absolute number, whether it's 8, 9, or 10. andrew making a point about exactly -- the wto rules will be followed, and you'll have a lot of noise, a lot of rat until europe, in the u.s., anywhere there's an election, you have to find somebody to blame. it's quite clear it's not cheap chinese exports that's the problem. it's whether you want to export your technology and so on. so i don't think china's going to have a hard landing at all. it will have a slower rate of economic growth, but that's the lower big numbers. you can't keep growing at 15% in nom am terms without causing imbalances and i think they're managing th
i think china is prepared to obey the wto rules. we talk about subsidy, and, of course, all governments, the government is immune from some form of government support. but at the end of the day, any measures taken against china would have to comply with wto rules. >> mark, are you concerned about hard lending in china, or is this an issue that the rest of the world should factor in? >> i think the key point is not the absolute number, whether it's 8, 9, or 10. andrew making a point...
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Mar 14, 2012
03/12
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CNBC
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opened up a case at the wto together with the u.n. and japan on the rare earths. here's what the premier had to say about the trade balance. >> translator: cooperation is the way to address trade imbans between china and the united states as well as the difficulties and frictions arising from it. >> a lot of people expected pro growth. they didn't get it. when it comes to the comments that the rnb might be at an equilibrium level and theyer comfortable with wild swings on both sides, how did you interpret those comments? >> i think the pboc, the central bank, made similar comments earlier this week suggesting that they'll play a market role in determining it. i think those were reiterated by the premier in his press conference today, but let's first listen in to what he actually had to say on that. >> translator: the real effective exchange rate of rnb may have reached its equilibrium. >> reporter: i think the market is eiga little bit nervous beca they have slowed a recently in month. this year in 2012 it is down about half a percent. so maybe that's where some o
opened up a case at the wto together with the u.n. and japan on the rare earths. here's what the premier had to say about the trade balance. >> translator: cooperation is the way to address trade imbans between china and the united states as well as the difficulties and frictions arising from it. >> a lot of people expected pro growth. they didn't get it. when it comes to the comments that the rnb might be at an equilibrium level and theyer comfortable with wild swings on both...
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May 14, 2012
05/12
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CNBC
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joining us for more is the director general of the wto. mr. lamy, thanks so much indeed for joining us. before we get into different areas, let's get your overall view. the world still suffering from a lack of growth particularly in the developed arena. there's this renewed focus on what people call growth, but are you actually seeing any measures in reality that will boost it other than saying we're going to ease up on austerity? >> the reality is that the debate is still going on in a large part of the developed world between those who push for miss cal authority in the maim of future credibility and those who point to the many growth flowing impact of this miss cal thourt. and i believe that notably in europe, the jury is still out and we will see during the coming weeks whether this balance can be found between a necessary miss cal adjustment, there is no way such will level p that is sustainable, but of course while stimulating probably through more structural reform the gross potential of the european connie nent and we know that the u.s
joining us for more is the director general of the wto. mr. lamy, thanks so much indeed for joining us. before we get into different areas, let's get your overall view. the world still suffering from a lack of growth particularly in the developed arena. there's this renewed focus on what people call growth, but are you actually seeing any measures in reality that will boost it other than saying we're going to ease up on austerity? >> the reality is that the debate is still going on in a...